As disposable income decreases, ceteris paribus,
A) both consumption and saving increase
B) consumption increases and saving decreases
C) consumption decreases and saving increases
D) both consumption and saving decrease
Answer: D
As disposable income decreases, ceteris paribus,
A) both consumption and saving increase
B) consumption increases and saving decreases
C) consumption decreases and saving increases
D) both consumption and saving decrease
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